A small but growing number of investors is excited about the budding space technology sector, which includes hardware and infrastructure for getting to space or operating space equipment, as well as applications enabled by greater access to satellites and other innovations. Think apps for imaging technology, satellite radio and television and geolocation technology.

“Most of the space industry is 50 years old,” said Amaresh Kollipara, principal of the San Francisco-based Space Angel Network, a group of about two dozen investors interested in making bets in space and aviation applications. ...

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